And everything will be just fine! Just ignore all the benefits the US loses by having control over the world's monetary systems.

And oh boy, what a time to choose to promote it Chief, just when the Brics start to seriously threaten!

BRICS is no threat to the US hedgemony as long as they continue to trade in fiat monies. Once they begin trading in real money, a new world reserve currency will emerge. My guess would be the Yuan. China has been stockpiling gold for a few years, now.

BRICS is no threat to the US hedgemony as long as they continue to trade in fiat monies. Once they begin trading in real money, a new world reserve currency will emerge. My guess would be the Yuan. China has been stockpiling gold for a few years, now.

Rocket man won't start WW3 but there's always the chance that it will be made to appear that they did. Who knows what Trump will do when he's wounded and cornered. As in psychologically wounded. Regardless of all the hype and playing to the media who then play to the people of all countries involved, the danger still exists.

Why do you pick 2020? Two years from now? You could be right. If it's going to happen then it has to happen soon from the US point of view, so the situation could be forced.

And from China's/Russia's point of view, longer is better. Anyway, I would like to hear your reasoning.

That's certainly reasonable, but is it what is likely to happen?A lot of changes will have to be made before anything approaching that could ever occur in 21st Century America.

Edit: OK, SunTrust could start issuing banknotes backed by all the real property they own.

Clever people will try to figure out if SunTrust banknotes are actually worth anything, and an open internet will allow you to find out before you accept one.

Why is that a bad idea?

Its not a bad idea. Banknotes have been used in lieu of currency for centuries.

The thing to remember is that no banknote should be issued unless there is a reserve commodity of something to back it. Thats where Nixon opened up the fiat money can-of-worms [1971]. The intention was to allow the Federeal Reserve to offer Loans to the US government to pay for the Viet Nam War. It was supposed to be temporary. Stop laughing.

The problem was, There is nothing "FEDERAL" about the Federal Reserve bank. The Fed is a private bank with private interests. And Resreves? Bah.. There may have been at one time, but the reserves today are only a tiny fraction of the USDs in circulation and on electronic ledgers. I'm guessing <10%.

They judge the value of everything according to who said the thing, not what was said.

No, not true.

Quote:

President Donald Trump’s proposal for comprehensive tax reform was almost immediately dismissed as heartless and impractical by his political opponents.When the same ideas are packaged under Bernie Sanders' name, however, liberal college students excitedly endorsed them.

There's a difference in the way Trump wants to further enrich the 1% and how Bernie wanted to redistribute the wealth.

If you try to say there isn't then you would be supporting Bernie. You've trapped yourself by your dogmatic ignorance.

And besides, what decent person could trust Trump to do anything good for them? He's the racist pig who insisted Obama wasn't an American.

Can you blame anybody who doesn't trust Trump? If so then you're becoming a Trump supporter yourself.